Figure 9-4
The following diagram shows the domestic demand and supply curves in a market.Assume that the world price in this market is $20 per unit.
-Refer to Figure 9-4.Suppose the country imposes a $5 per unit tariff.If the country allows trade with a tariff,how much are consumer surplus,producer surplus,tariff revenue,and total surplus?

Question

Figure 9-4
The following diagram shows the domestic demand and supply curves in a market.Assume that the world price in this market is $20 per unit. 
-Refer to Figure 9-4.Suppose the country imposes a $5 per unit tariff.If the country allows trade with a tariff,how much are consumer surplus,producer surplus,tariff revenue,and total surplus?

Quizplus · Accepted Answer

The Answer of Figure 9-4
The following diagram shows the domestic demand and supply curves in a market.Assume that the world price in this market is $20 per unit. 
-Refer to Figure 9-4.Suppose the country imposes a $5 per unit tariff.If the country allows trade with a tariff,how much are consumer surplus,producer surplus,tariff revenue,and total surplus?

Figure 9-4 The Following Diagram Shows the Domestic Demand and Supply Curves